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Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
 COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 compared with a corresponding loss of $20.8 million in 1H’16, or a positive profit swing by $183.1 million, year on year.
- Bumi Reports US$162.3 Million Profit In First Semester
- Positive Profit Swing By US$183.1 Million Yoy
- Consolidated Revenue Increases To US$ 2,344 Million
- Coal Price 37.6% Higher
According to the BUMI’s performance report for the period 1H’ 17, in FY'16, the Company turned around to a net attributable income of $67.7 million.
1H'17 financial highlights on full consolidation basis (including 100% KPC & Arutmin)
- Sales Revenue is $2,344 million
- Operating Income is $473 million
- Profit Before Tax is $545 million
- Consolidated Net Income is $248.1 million in 1H17
- Net Income (after adjustment for noncontrolling interest) is $162.3 million compared with a loss of $20.8 million in 1H16, or a positive profit swing by $183.1 million.
The company further noted that the consolidated numbers are internal estimates of the Company, subject to reconciliation processes.
- Coal mined was higher by 0.9% at 40.2 million tons in 1H'17
- Coal sales relatively flat at 41.5 million tons in 1H'17 compared with 1H'16
- Combined Strip Ratio reduced by 4.5% to 7.2 in 1H'17
However, the company noted that the coal Price increased to $54.8/ton in 1H17 compared with $39.8/ton in 1H16 – or an increase by 37.6%. In 2Q17 the realized Coal Price was $55.8/ton compared with $39.7/ton in 1H16 or an increase by 40.3%. The increase in Coal Price by $15/ton Y/Y resulted in Sales Revenue in $2,344 million in 1H17 – several times higher Y/Y.
The company forecasted that the Coal prices continuing rise and this augurs well for prospects of the Company for the rest of the year.
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Thursday, 24 August 17
SUPRAMAX: LOW $10K FOR INDO COAL TRIPS TO INDIA; AROUND $10K FOR INDO TO CHINA TRIPS - FEARNLEYS
Supramax
This week Supras from the Black Sea on fhaul have seen numerous orders and improving rates.
53-57k dwt vessels have been fixed at e ...
Wednesday, 23 August 17
THE STRONG IRON ORE TRADE ROUTES SUPPORT CAPESIZE SEGMENT - INTERMODAL
The upward trend in the Capesize segment is definitely being supported by the strong momentum in the key iron ore trade routes. The price of high-q ...
Tuesday, 22 August 17
WHAT IS A RELEASE CALL?
KNOWLEDGE TO ELEVATE
Joining a mutual P&I Club means each Member shares in the fortunes of that Club and its membership. The continuity of ...
Tuesday, 22 August 17
THOSE DOG DAYS OF SUMMER STEEL PRODUCTION IN CHINA - COMMODORE
COALspot.com: One popular but inaccurate narrative that makes the rounds every June and July (and occurred again this year) is that China’s s ...
Monday, 21 August 17
BANPU REVEALS FIRST HALF 2017 WITH STRONG RESULTS; SUPPORTED BY HIGHER COAL PRICES
Banpu Reveals First Half 2017 with Strong Results from Higher Coal Prices Gearing Up to the Era of New Energy with Banpu Greener & Smarter Stra ...
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Showing 1961 to 1965 news of total 6871 |
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- Sarangani Energy Corporation, Philippines
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- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
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- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
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- Minerals Council of Australia
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- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
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- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
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- GN Power Mariveles Coal Plant, Philippines
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- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
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- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
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- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
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- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- The University of Queensland
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- Economic Council, Georgia
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- Sical Logistics Limited - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
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- Electricity Authority, New Zealand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
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- Edison Trading Spa - Italy
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- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
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- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
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- The State Trading Corporation of India Ltd
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- Eastern Energy - Thailand
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- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
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